No wonder, crypto-currencies can greatly shake their systems.
Topic: Do Banks fear cryptocurrency - page 58. (Read 17113 times)
Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.
Bank don't fear Bitcoin but bank don't get any interest to bitcoin currency. Bitcoin transfer or transaction occurs via online internet providing system without giving tax. In this reason bank frequently fear bitcoin.
Of course they are, cause it is a whole new system! Decentralized, not controlled by them. I am very hopeful that the current system will finally change
Exactly. That is what they are afraid of the most. Decentralization is their number #1 nightmare as their power comes from centralization. I also hope the same, finally this corrupted system will have to change and be more fair.
banks will be irrelevant soon as cryptocurrencies will find its way to the phones of regular people. notice that most of the technology being created these days includes mobile integration and compatibility. if soon people realizes that they can bring all their money they have with just their phones, banks will be irrelevant.
Banks and government understood that the prohibition of bitcoins would hit them by themselves.
Bitcoin has already spread all over the world, so it will exist in the country's economy illegally.
If banks join in work with bitcoin, they have a chance to gain control or at least be aware of the situation.
Bitcoin has already spread all over the world, so it will exist in the country's economy illegally.
If banks join in work with bitcoin, they have a chance to gain control or at least be aware of the situation.
Of course they are, cause it is a whole new system! Decentralized, not controlled by them. I am very hopeful that the current system will finally change
Risks are at all. Banks have more. The Crypto-currency selects a substantial piece of pie from bankers. Motivated by high interest, lack of taxes.
I think that banks are not afraid of crypto currency. They could also use it and issue loans in the crypto currency. They are afraid that the government can deprive them of the license for such actions
Of course the banks should be afraid, cryptocurrencies are something that can replace them.
If I were them I would probably do the same thing they did, and try to make my customers stay.
If I were them I would probably do the same thing they did, and try to make my customers stay.
Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
I love the optimism of this post; positivity is shown which I think is a side that is often ignored by many. When a warning is given, many would think that one may want to simply ask those who are involved or may be involved to be careful about a certain situation that may lead to disadvantages. On the other hand, the party that was issued the warning about would think that they are threatened by them. One thing they always miss out is how these two aspects can work together to actually function as a unit for a better future. Bank's would have their reasons for issuing a warning about Bitcoins. What we don't know is that maybe in the future, banks would start storing Bitcoins or have banks ffiliated with Bitcoin transactions. Let's try to see the good in everything, maybe now people won't see a relationship with bank and Bitcoin but naybe the future is bright for them.
Yes i think they should. Most of the investors are turning to bitcoins because of the price that keep's on increasing greatly every month, So banks must implement soon a way to hold bitcoin with greater scaling value.
yes. bank afraid with bitcoin. in my country they afraid not popular or not be place that be destination of many people. and it make bank decrease their income, make them disappear from people thought.
The reason why the people are afraid of the bitcoin lose if hope he bitcoin will allow the bitcoin and the holding of the bitcoin so I like the bitcoin to be hold at the low price and with the time you will see the price of the bitcoin will increase I can see how the bitcoin is changing but putting the money in the bitcoin will not increase the bitcoin price. Bitcoin is the best currency to pay and to invest at the same time so buy more and save more. 
Yes. Banks are controlled by the government so that they can control the flow of money. If we rely on cryptocurrencies, there will be no need for banks and their businesses will drop.
but we also need a third party such as a bank that is because if we want to change the bitcoin into dollars or other already existing exchanger but for of exchanger to us of course we need a Bank
Yes. Banks are controlled by the government so that they can control the flow of money. If we rely on cryptocurrencies, there will be no need for banks and their businesses will drop.
I think they are not fear the cryptocurrency, would be good to them if they implement instant exchanges for their clients, but banks are still fear the techonolgies which dont have any centralized system authority
I think ıt must be afraid about crypto money because ıt spread to everywhere and people start to learn btc or crypto money. They search about this issue and they see that btc is rising non-stop.
Banks are afraid that bitcoin will capture the world and all people for payments will use only bitcoin. Because of this, banks lose customers and greater profits
I think ıt must be afraid about crypto money because ıt spread to everywhere and people start to learn btc or crypto money. They search about this issue and they see that btc is rising non-stop.
I don't think that banks will fear cryptocurrency because online money that is not looked at won't really make a difference in the world.
I think that banks will stay how they are in the future and that bitcoin will be a second paying method in the world.
I think that banks will stay how they are in the future and that bitcoin will be a second paying method in the world.
I wonder how in a feudal Europe the new Ring fencing will work, remember guys we are the Acme Labs of new economy ;-)
Banking reform: what is ringfencing?
https://www.theguardian.com/business/2011/sep/12/bank-reform-vickers-ringfencing
Banking reform: what is ringfencing?
https://www.theguardian.com/business/2011/sep/12/bank-reform-vickers-ringfencing
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.
Yeah you are correct because crypto currencies is possible treat to the banks. Owners of banks are afraid to digital currencies because there possibility people did not need banks to save money. Through digital transaction banks are no involvement and no hazel in depositing money and withdrawal of money. Digital currencies can be save without banks transaction and less hazel. That's why banks owners are afraid in crypto currencies.
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